The most valuable asset in any business, whether a milk bar or a multi-national corporation is the key people who run the business. The loss of the managerial skills, expertise and leadership of a key person can have a substantial impact on revenue and profitability. Considerable costs can be incurred in recruiting and training a suitable replacement. There may also be an adverse impact on the business’s goodwill and its ability to repay debts or other expenses.
At BluePrint Advisors we can outline the tax and technical implications of using insurance to protect a business in the event of the death, disablement or critical illness of a key person.
Oracle names inaugural AR of the year
Blueprint Insurance director Anthony Latouf has won Perth broker Oracle Group’s authorised representative of the year award.
Group MD Graeme Dorrell says the inaugural award recognises Mr Latouf’s commitment to compliance, client read more...
2016-17 Federal Budget Update
Concessional contributions capped at $25k each year.
Lifetime limit of $500k for non-concessional contributions.
A limit of $1.6m an individual can move to the tax-free retirement phase.
Threshold for paying additional read more...
Small business Bills pass
On 15 June 2015, the Tax Laws Amendment (Small Business Measures No. 1) Bill 2015 and the Social Services Legislation Amendment (No. 2) Bill 2015 were passed by the Senate. These Bills give effect to number of announcements from the 2015 Federal read more...